El Salvador Bitcoin, October update: Chivo fraud and dysfunction
I expect Bukele to keep promoting Bitcoin as a point of personal pride. But as a practical day-to-day currency, it’s not doing so well right now.
Author: David Gerard
Facebook’s Novi hooks up in Guatemala with Paxos, not Diem — just in time for the stablecoin report
David Marcus said in September that Novi would only abandon Diem as a “last resort.” Well, that didn’t take long.
Tether’s bad month: CFTC, Bloomberg, Reggie Fowler
Large crypto traders stick by Tether because there’s nowhere else for them to go — Tether is the only game in town.
The CFTC settlement with Tether and Bitfinex: $42.5 million in fines
Clearing down the backlog. There’s plenty more Tether here to come …
Medical downtime and quick notes
I appear to have become someone who gets migraines. Or something similar. How annoying.
DatChat: a meme stock, on the blockchain
Brought to you by respectable businessmen of flawless repute.
News: Compound threatens to dox its own users, El Salvador Chivo numbers, China hates crypto, Twitter tips, Tether class action proceeds
“Libertarian” is when I take your money, it’s different if you take mine.
El Salvador: Bitcoin volcano mining starts! And Chivo still doesn’t work
You can’t even use Bitcoin to buy prepackaged FUD!
Dan Davies: Lying for Money — not a book about crypto, except it really is
If you’re Reggie Kray, you can take notes on a criminal conspiracy.
News: Bitcoin miners can’t sell their bitcoins, SushiSwap theft, Coinbase Lend, crypto seasteading
’Twas on the good ship ’Toshi, by Craig you should have seen us, it was a little squashy and the end result was “penis.”